Sarah would like to buy a house in five years. She plans on putting $10,000 in the bank, once a year, at the end of each year, for the next five year. If the current interest rate is 8% and interest is compounded annually, how much money will Sarah have for a down payment in five years?

options:

	$58,666
	$59,666
	$56,666
	$58,000

Assume all of the same facts as Q3, except that Sarah puts $10,000 in the bank at the start of year, instead of the end of each year. How much money will Sarah have for a down payment in five years?

options:

	$63,359
	$66,359
	$63,000
	$68,359